Solana Following Bitcoin? Network activity, chart pattern point to 300 USD SOL price

Since April 7, Solana’s price rose by 86% to 177.68 USD, benefiting from Bitcoin’s rally. Total value locked on Solana surpassed 9.44 billion USD, a 54% increase, showing strong network activity and trader interest.

A continuous bullish V-shaped recovery points towards a target of 300 USD for SOL if it breaks through the 180 USD resistance. The memecoin market cap also rose significantly, indicating increasing demand and engagement on the Solana network.

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